Friday 28 August 2015
 
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debt

Shell eyes Iran, to pay debt when sanctions end

Royal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country's vast energy sector, Shell's boss for new business said.

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IMF presses Europe to provide debt relief for Greece

The International Monetary Fund on Thursday pressed Europe to come forward with debt relief for Greece, saying it would only make a decision on providing further financing for Athens after steps are taken to make its debt burden more sustainab

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Al Jaber hires Khannak as CFO

Abu Dhabi family-owned conglomerate Al Jaber Group, which is seeking to renegotiate a debt restructuring put in place last year, has hired Ala Khannak as its new chief financial officer, two sources aware of the matter said on Wednesday.

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Al Jaber hires Khannak as CFO

Abu Dhabi family-owned conglomerate Al Jaber Group, which is seeking to renegotiate a debt restructuring put in place last year, has hired Ala Khannak as its new chief financial officer, two sources aware of the matter said on Wednesday.

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Egypt to cut oil debt in August, repay rest by end-2016

Egypt aims to reduce its debt to foreign oil companies to $2.9 billion by the end of August, from $3.5 billion, and would repay the rest by the end of 2016, the oil minister said, pushing back the deadline by about six months. &nb

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Euro zone gives Greece until Sunday for debt deal

Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. &

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Egypt debt to foreign oil companies hits $3.5bn

Egypt's debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Sunday. The country&#

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Egypt debt to foreign oil companies hits $3.5bn

Egypt's debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Sunday. The country&#

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Greeks defy Europe with overwhelming referendum

Greeks overwhelmingly rejected conditions of a rescue package from creditors on Sunday, throwing the future of the country's euro zone membership into further doubt and deepening a standoff with lenders. As the euro slid more

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IMF warns Greece needs debt extension

The International Monetary Fund has warned that Greece would need an extension of its European Union loans and a potentially a large debt write-off if it grows more slowly than expected and economic reforms are not implemented. Th

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